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Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

Work in progress figures might not sound like something you need to think much about. Real-time work-in-progress figures, or WIP, allow teams to become more efficient, effective, and remain in control. This means that contractors have not billed for completed work. Slow Work in Progress Figures Just Don’t Work.

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Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

Work in progress figures might not sound like something you need to think much about. Real-time work-in-progress figures, or WIP, allow teams to become more efficient, effective, and remain in control. This means that contractors have not billed for completed work. Slow Work in Progress Figures Just Don’t Work.

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Construction Change Order Phobia Increases Stress Reduces Profits

Contractor Bookkeeping

Construction Change Order Phobia. He Explained His Situation - For about 90 minutes and it sounded as if he had issues related to Work-In-Progress (WIP) and Earned Value reporting. After Reviewing The QuickBooks Reports - We discovered a painful case of the dreaded disease I call "Change-Order-Phobia".

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How The Cloud Is Enabling Smarter Project Management—Part 4 of 5

Viewpoint Construction Technology

While having the best people in place, working together well and using the latest tools is critical, the construction project can still suffer if the data being tracked and reviewed is days or even weeks old. That outdated project information can make it hard to accurately gauge current job costs or work in progress.

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Lean Construction – Overcoming decades of mistrust, lack of communication, and opposition between facilities owners, designers, engineers, and builders.

Job Order Contracting

Adversarial, change-order-oriented environment is common between owner, A/E, and contractor. Change orders may be reduced versus DBB due to A/E-contractor collaboration and contractual relationship. IPD or LEAN Job Order Contracting) of design process, with the A/E typically working for the contractor.

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Construction Business Owner Blogs

Construction Business Owner

Meet with them before every project to discuss not only the contractual provisions for scope of work and change orders, but also what you bid and why. Owners need your help to meet their goals, and they may be more amenable to approving change orders while you’re still on the job. change orders.

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Job Order Contracting – Recommended Best Practices

Job Order Contracting

Require that any Scope of Work has sufficient detail to enable a contractor to create a detailed line item estimate. Poor performance at this stage is a primary cause for cost overruns, change orders, and lack of satisfaction. Regular and ongoing owner inspections of work in progress and upon completion.

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